Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Sainsbury's Bank conveyancing panel
- Breaches of Sainsbury's Bank conveyancing panel Terms and Conditions
- Failure to act in accordance with the Sainsbury's Bank panel terms, the written instructions that Sainsbury's Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently subscribe.
- Recurring delays in registering a charge on behalf of Sainsbury's Bank Delays or failure to register the Sainsbury's Bank charge may result in referral to external lawyers of Sainsbury's Bank to complete outstanding requirements.
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Questions Sainsbury's Bank panel reinstatement firms ask us
- Am I restricted as to the number of occasions my practice can submit applications to get back on the Sainsbury's Bank conveyancing panel?
- Who should complete the reinstatement application to the Sainsbury's Bank panel ?
- What times frames are involved when applying to be reinstated onto the Sainsbury's Bank conveyancing panel?
- Can this firm act for Sainsbury's Bank while the appeal for reinstatement on the Sainsbury's Bank panel is being reviewed? How do I discover if our reinstatement application to the Sainsbury's Bank panel is approved?
- What are the consequences if our Sainsbury's Bank panel reinstatement application is rejected and the client of the firm has a mortgage application with the Sainsbury's Bank?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.